Which of the existing taxes are proposed to be subsumed under GST?

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answered Jun 21, 2017 by admin (460 points)

GST or Goods and Services Tax Registration number is set to replace various taxes as mentioned below:

Taxes currently levied and collected by the Centre:State taxes that would be subsumed under the GST or Goods and Services Tax Registration number
 
a. Central Excise duty

b. Duties of Excise (Medicinal and Toilet Preparations)

c. Additional Duties of Excise (Goods of Special Importance)

d. Additional Duties of Excise (Textiles and Textile Products)

e. Additional Duties of Customs (commonly known as CVD)

f. Special Additional Duty of Customs (SAD)

g. Service Tax

h. Central Surcharges and Cesses so far as they relate to supply of goods and services

 

a. State VAT

b. Central Sales Tax

c. Luxury Tax

d. Entry Tax (all forms)

e. Entertainment and Amusement Tax (except when

levied by the local bodies)

f. Taxes on advertisements

g. Purchase Tax

h. Taxes on lotteries, betting and gambling

i. State Surcharges and Cesses so far as they relate to

supply of goods and services

 

The GST or Goods and Services Tax Registration number Council shall make recommendations to the Union and States on the taxes, cesses and surcharges levied by the Centre, the States and the local bodies which may be subsumed in the GST or Goods and Services Tax Registration number.

For more information about GST or Goods and Services Tax Registration number, please visit https://www.bankcircle.in/blog/tag/gst

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